1MC 9.68% 2.8¢ morella corporation limited

Ann: Extension of time to convene second meeting of creditors, page-54

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  1. 6,914 Posts.
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    The plant was sort of up and running. 60% recovery wasn’t doing AJM any favors and they couldn’t afford to shutdown and fix it due to no cash. I had AJM as I figured it would get swallowed by the Neighbour. If one of the big boys wanted it they would have made a takeover offer way back. They obviously knew what was coming and just held back to see if it was worth their while picking on the carcass. At this stage it looks like the carcass isn’t worth it to anyone except the neighbor. So my hard earned is gone but my hard earned over the fence looks like it will get a carcass. Too small for the big boys to worry about. They have bigger eggs to fry. Honestly folks, move on as there is a bees |]icks chance of shareholders getting a cent. Tax loss on other capital gains at least gets 45% back for me. This is agonising reading on this forum. Sorry for all.

 
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